The stock rose 4.97 per cent to hit its upper circuit limit of Rs 112 with a significant rise in trade volumes as well.
Shares of Essar Oil have been on an upswing in past few days after its promoter Essar Energy Holdings Ltd announced a voluntary delisting offer for the company.
In this regard, the company announced this morning that it has now received a certificate computing the floor price for the delisting proposal, which has been issued by an entity engaged by the promoters in this regard.
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